What are the typical size of business space for rent at 31 International Business Park (a.k.a Creative building @ IBP)?

The typical unit sizes for rent at 31 International Business Park (IBP) ranges from 2,000 – 12,000 sqft (The largest typical floor plate is approximately 47,000 sq ft at 31 IBP. Smaller units under 2,000 sq ft can be found at Nordic European Centre, The Strategy @ IBP and The Synergy @ IBP. Other International Business Park office for rent typically starts from 2,000 sq ft upward in other buildings.

How big is the space I need in looking for office for rent at International Business Park?

As general rule of thumb, a standard office space planning will require about 100 - 130 sq ft per person with a 10% buffer to err on the side of caution. The size required is also dependent upon whether the work area per person is going to be compact or spacious with wide distance between each other, and whether there are common spaces such as pantry, chill-out area, meeting rooms, conference room, product demo area, reception etc. It is also good to budget additional 10% of extra space (if budget allows) for future expansion of staff in near term e.g. within 1 year time.

How is the unit condition of 31 International Business Park for rent?

International Business Park office for rent are mostly fitted with false ceilings, lighting and centralised air conditioner. These office units are suitable for companies in knowledge-intensive industries who do not require wet lab presence in their activities.

How much is the asking rental rates at 31 International Business Park?

The rental rates at 31 International Business Park is around S$4.60 psf (subject to GST) negotiable. For example, a unit size of 1,000 sq ft will command an asking rental from S$4,600 per month. Generally the smaller unit will have a stickier pricing (less negotiable compared to the large unit, say above 5,000 sq ft). Do note that for fitted unit, sometimes there might be a takeover fee requested by the existing tenant, although the amount can be negotiated. Please refer to International Business Park Rental Rates Guide HERE.

Is there any rent-free fitting-up period granted when renting a business space at 31 International Business Park?

Yes, there will be rent-free fitting-up period granted. The duration of this rent-free period depends of the size, condition of the space and the effective rental rate over lease duration. Although typically it is 1 month period, prospective tenant may discuss with the landlord for a slightly longer time if there is a sizeable renovation required for large unit or foreseeable construction delay due to manpower shortage. Add Image

How long is the typical lease term at 31 International Business Park?

Typically the lease term is a minimum of 3 years with an option to renew. The lease term can also be longer than 3 years but normally will comes with an escalation of rental rates clause.

1A International Business Park for Rent

International Business Park office rental

For Rent Business Parks

1A International Business Park

S$4.20 psf Negotiable

Overview

5,000 - 17,000 sqft
Unit Size

S$4.20 psf Negotiable
Price psf

Jurong East
Nearest MRT

Business Park
Land Zoning

Description

1A International Business Park for rent – Key Highlights:
• Typical unit sizes : 5,000 / 7,000 / 17,000 sq ft (subject to availability)
• Unit comes fitted with false ceiling, lighting, and centralised aircon
• Ceiling Height (floor to false ceiling): 3m
• Floor Loading : 5 kN/m2
• URA 60 : 40 Usage Rule Requirement applies
• BCA Green Mark Award

Qualifying trade : Research & Development, Financial Service and Technology, Back-room Operations, High-Tech manufacturing, Software development, IT-related trade.

Amenities :
• Cafetaria and childcare center within the building
• Nearby shopping malls e.g JEM, Westgate, IMM, Perennial Business City

Transport Accessibility :
• 13 minutes walk to Jurong East MRT and bus interchange
• 5 minutes drive from Ayer Rajah Expressway (AYE) and Jurong MRT station
• 25 minutes drive to Central Business District (CBD)
• 30 minutes drive to Singapore Changi Airport via Ayer Rajah Expressway (AYE)
• JTC shuttle bus services to Jurong East MRT available

FAQ – About 1A International Business Park For Rent

How much is the asking rental rates at 1A International Business Park?

The asking rental rates at 1A International Business Park is around S$4.20 psf (subject to GST) negotiable. For example, a unit size of 1,000 sq ft will command an asking rental from S$4,200 per month. Please note that asking rental rates includes service charge and aircon during office hours. Please refer to International Business Park Rental Rates Guide Here.

What are the unit sizes available at 1A International Business Park for rent?

Business space sizes at 1A International Business Park for rent ranges from 1,500 to 10,000 sq ft, although the largest floor size can stretch up to 28,000 sq ft. Smaller units under 2,000 sq ft can also be found at Nordic European Centre and The Strategy @ IBP.

How is the unit condition in 1A International Business Park for rent?

1A International Business Park is a 13-storey building incorporating ancillary office and warehouse areas that are serviced by four passenger lifts and two loading and unloading bays. Individual unit at 1A International Business Park for rent is fitted with false ceilings, lighting and centralized air conditioner (Monday to Friday 8 am – 6 pm and Saturday 8 am – 1 pm). Please note that service fee and centralized air condition charges during office hour has been included in the asking rental rates. Fitted unit available from time-to-time. Please contact us to check for availability.

Is pre-termination of lease before expiry allowed for tenancy in 1A International Business Park?

No. Pre-termination of lease is not allowed by the landlord of 1A International Business Park. This is a common practice by REIT landlord in Singapore. However, tenant can approach the landlord for assistance in looking for a replacement tenant if there is an unexpected change in business plan that requires down-sizing, relocation or closure of business space. Agent’s assistance in marketing the unit to find replacement tenant can also be sought after. Please note that the rental is payable until a tenant replacement is found and commence their lease.

Who is the anchor tenant at 1A International Business Park?

The anchor tenant in 1A International Business Park is Tolaram, a global company with diversified business interests in consumer goods, financial technology, infrastructure and industrial.

Does URA 60:40 Usage Rule applies to 1A International Business Park?

Yes because 1A International Business Park falls under Business Park zoning. URA 60:40 Rule applies to both industrial building and business parks. It stipulates that at least 60% of a building’s gross floor area (GFA) must be allocated to predominant function such as production or research-related activities, while up to 40% can be used for ancillary functions that directly support these operations.

These are the buildings at International Business Park for rent : The Strategy @ IBP, The Synergy @ IBP, 27 International Business Park, 31 International Business Park (a.k.a Creative building), ACER building, Nordic European Centre, Icon @ IBP, 1A International Business Park (a.k.a Tolaram). Units are subject to availability. 

We focused on:
• Business Parks (Business Space & Lab For Rent)
• Hi-Specs Industrial buildings (Business Space Leasing)
• B1/ B2 Industrial buildings (Ramp-up and Flatted Warehouse)
• Commercial Property For Rent (Office and Retail Space) 

Call us for Free consultation to discuss your space requirements. 